The Turkish Lira is the official currency of Turkey and the Turkish Republic of Northern Cyprus (recognized only by Turkey). The currency is abbreviated as TRY and the symbol is expressed as . It is subdivided into 100 kurus, abbreviated as Kr. The Turkish Lira was introduced as Turkey's currency in 1927 replacing the Ottoman Lira. In 2005, the New Turkish lira (YTL) was introduced, replacing the former Turkish lira by removing six zeros from its value. It wasn't until three years later that the 'new' was dropped and the name became Turkish lira again.
The Turkish lira is one of the less traded currencies in the foreign exchange market. It's most active currency pairing is with the euro, EURTRY. Other commonly traded combinations include the USDTRY, TRYCHF and the AUDTRY. It however stands as one of the strongest currencies in the world. The Central Bank of the Republic of Turkey (CBRT) oversees the monetary policy and ensures price stability relating to the goods and services produced within Turkey's borders. The Turkish lira is available in banknotes of 5, 10, 20, 50 and 100 denominations. The Turkish coins are are issued by the Turkish State Mint, and come in values of 1, 5, 10, 25 and 50 kurus.
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LICENCES AND AUTHORISATIONS
TTCM Traders Capital Limited (herein "TTCM BM")is a limited liability Company, incorporated in Bermuda under section 14 and 6/132C(1) of the Companies Act 1981 and registered with the Registrar of Companies under Company number 54135, with registered address 5th Floor, Andrew’s Place, 51 Church Street, Hamilton HM 12, Bermuda
TTCM Traders Trust Capital Markets Limited (herein "TTCM CY")is a Cyprus Investment Firm incorporated under the laws of Cyprus, has its principal place of business at 56 Theodorou Potamianou Aphrodite Court, 4th Floor, 4155, Limassol Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. TTCM Traders Trust Capital Markets Limited is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.
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